NEAR Protocol's native token, NEAR, is exhibiting a hidden bullish divergence on its weekly chart, according to crypto experts. Despite a recent 6% dip, NEAR has surged nearly 100% over the past month, trading between $2.5 and $2.6. Analysts highlight a lower high in price and a higher high in RSI, alongside a MACD bullish crossover, suggesting a potential breakout.
Experts anticipate NEAR could reach the $8 to $8.70 range if the weekly candle closes strongly. The token's growth is attributed to its evolving role as a base layer for the AI agent economy, with significant network buybacks and upcoming dynamic resharding expected to drive further gains. NEAR's economic velocity, rather than locked DeFi value, is seen as a key factor in its potential supercycle.
NEAR Protocol Shows Hidden Bullish Divergence, Analysts Predict Surge
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